Thread regarding Truist Bank layoffs

I swear I saw this movie. Big boat, Rose, Jack, big shiny necklace, iceberg…. I don’t think it ended well.

I have not noticed. It is not true

Anybody else notice the notorious CPA side gig guy is now under JW as an RA? He’s still listed on his Atlanta tax firm website as a partner and in the business registration data with state of Georgia.

I know of 3 CPAs in audit that had to stop doing taxes and bookkeeping on the side, but J is still out here advertising his side business and signing tax returns while he works for Truist.

Interesting this is taking place as a new board member with a heavy background in risk management comes onboard. One has to wonder if he was consulted or played a role in these changes. BB is in way over his head as he is seen by many as possible next KK. Unbelievable unqualified to be CRO.

Truist: Where Risk Management is Optional and Nepotism is Mandatory!

Step right up, folks! Truist Bank’s Risk Management Organization (RMO) has rolled out its latest circus act—featuring none other than SunTrust cronies and their lifelong buddies from the “BB Fan Club.” If you thought paying millions to top-tier consultants like Oliver Wyman, BCG, and McKinsey would help this bank get its act together, well… turns out that money was better spent on clown noses and party favors.

The Star Performers:
Our fearless leader of “change, controls, and risk assessment.” Qualifications? Absolutely none! But who cares when you’ve got friends in high places and a knack for making drinks with the C-suite?

The “issue reducer” who never actually reduced issues. In fact, IR made the process so tangled that even a cheat sheet won’t help you find your way out of the bureaucratic labyrinth. Naturally, IR got a shiny new promotion for this “stellar” work.

The original yes-men, covering up BB’s missteps for years like a couple of overzealous stagehands in this Risk Management Vaudeville Show.

Tickets? Don’t worry—your taxpayer dollars (oops, I meant shareholder dollars) already bought front-row seats. Meanwhile, the 100+ days it takes to process a simple change might as well be an entire season of Netflix’s “The Office,” except here it’s not funny—it’s frightening.

So what’s the grand finale?
Truist decided to flush all that expensive consultant wisdom straight down the executive toilet, returning to the same old song-and-dance routine that nearly tanked them before. Because why embrace real accountability when you can promote your drinking buddies instead?

Final Thoughts:
If you’re an employee, grab your popcorn—and maybe a life jacket. If you’re a shareholder, buckle up. And if you’re a risk manager? Sorry, your job title doesn’t exist here—just call yourself a cheerleader for the good ol’ boys club.

trustless@truist.com

@b5 haha, wish I had seen that, I wonder if ole Billy Boy heard about his golden child doing that.

Knuck if you buck

BB addressing his department about this reorg from a dark hotel room in his pjs was quite a shock. Especially compared to his peers who looked significantly more polished. Somebody remind BB, one drink, one water, one drink, one water. That should help the next day.

All buck no knuck

Soo where do they meet for drinks so I can get promoted too?

A quick scan of their LinkedIn profiles really makes you wonder if they even meet the qualifications for their roles, anyone else question this?!??